Gulf Refined Packaging completed the acquisition of Flexible Packaging Solutions from Greif for 123m.

Gulf Refined Packaging, a producer of BOPP Films, completed the acquisition of Flexible Packaging Solutions, a provider of FIBCs or big bags, container liners, and other flexible packaging for chemicals, foods, pharmaceuticals, agriculture, and many other sectors, from Greif, an industrial packaging solutions provider, for 123m. "Completion of the FPS divestiture and the exit of the joint venture relationship is an important step in advancing our Build to Last Strategy. I would like to thank our FPS colleagues for their hard work over the last 11 years and wish them the very best in the future,” Ole Rosgaard, Greif President and Chief Executive Officer.